Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Sonder Holdings Inc. (SOND)

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Sonder Holdings Inc. (“Sonder” or the “Company”) (NASDAQ:SOND). The investigation concerns whether Sonder and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

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On March 15, 2024, Sonder disclosed the discovery of accounting mistakes associated with its assessment and devaluation of operating lease assets and connected accounts for the fiscal years 2022 and 2023. The Company indicated the need for extra time to amend the financial statements for these years, noting that these revisions are anticipated to escalate the company's total net loss and loss per share for the affected periods. On this news, the price of Sonder shares declined by $2.10, or approximately 38.18%, from $5.50 per share on March 15, 2024 to close at $3.40 on March 18, 2024.

If you purchased or otherwise acquired Sonder securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at [e-mail], or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.

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